MaxWholesale, a mobile-based B2B grocery supply chain, has raised $1 million in Pre-Series A round of funding led by Indian Angel Network (IAN) and Maple Capital Advisors. IAN investors include Ambarish Raghuvanshi, Raman Roy, Sunil Munjal, amongst others. Bikky Khosla of Tradeindia, Pankaj Karna…
Tag: CAGR
For 8% GDP growth, manufacturing needs to grow at 12-14%: Niti Aayog
India’s manufacturing sector needs to grow at 12-14 per cent for the country’s overall growth rate to touch 8 per cent, NITI Aayog member V K Saraswat said on June 1. Speaking at a seminar on modernisation of Indian Navy, the former DRDO chief said the country’s current share of…
ItzCash raises Rs 800 cr, gives exits to Matrix, Intel Capital, Lightspeed
Bengaluru: Mumbai-based fintech company ItzCash has raised Rs 800 crore from US-based Ebix Inc, a global insurance SaaS company. Ebix has acquired 80 per cent stake in the company, thus valuing Itzcash at $150 million and giving exits to early investors Matrix, Intel Capital and Lightspeed Ventur…
Logistics start-up Delhivery secures $30 m from Fosun International
Gurugram-based e-Commerce logistics firm Delhivery has secured $30 million (Rs 194 crore) in funding from Chinese international conglomerate Fosun International. This additional investment is a part of the bigger equity financing round that saw a $100 million funding from The Carlyle Group, earli…
SME sector will make a stronger comeback in 2018: Capital First
Capital First’s fourth quarter earnings were slightly ahead of estimates on back of strong balance sheet growth. Asset quality remained stable. The year-on-year (YoY) asset under management (AUM) growth for the quarter stood at 24 per cent. Retail AUM was up 33.4 per cent YoY. The Q4FY17 Yo…
Juice start-up MyGreens secures angel funding via letsventure
Delhi-NCR-based cold pressed juice startup, MyGreens has secured upto $1 Mn in its angel round of funding via LetsVenture. The round was led by Ajay Relan, Founder and Chairman, CX Partners. Other investors in the round included Sundeep Bhandari, Director & CEO, Petrodil, and other undisclose…
Services need to gear up for Industrial Revolution 4.0: Nirmala Sitharaman
Greater Noida: India’s services sector must gear up to take advantage of Industrial Revolution 4.0, which will create huge opportunities in high-tech manufacturing, Commerce Minister Nirmala Sitharaman said. Emphasising on the growing importance of services sector, she said India has also r…
Haryana govt to offer incentives for new textile units
The government of Haryana has prepared Textile Policy 2017, which will be providing incentives for setting up of new textile units. The policy proposes capital subsidy of 10 per cent for the eligible new projects of all textile enterprises across the state. Industrial plots would be made availab…
Healthcare Industry likely to touch $280 bn by 2020 | Anupriya Patel
Minister of State, Ministry of Health & Family Welfare, Anupriya Patel on March 29 forecast that the size of healthcare industry would be scaling up at US$280 billion by 2020 from current estimated level of about US$100 billion with new National Health Policy being in place which incentivizes…
Marketing automation start-up Wigzo raises funds for expansion
Bengaluru: Marketing automation platform Wigzo has raised an undisclosed amount of funding in a bridge round that was led by existing investor 3one4 Capital. The round also saw the participation from Aarin Capital, Advantedge Partners and a bunch of angel investors, including Arjun Sharma of Sele…